Democrat-Run NYC Loses $1 Trillion as Wall Street Firms Flee

@athousandyoung said
Those don’t produce an income so they are a negligible portion of a business’s assets. Business assets are mostly buildings, land, machines, fortified bank vaults, fleets of vehicles, inventory etc.

Guess what... you're wrong. Cash is unquestionably an asset. C'mon, man!
If they make money with that cash, the income is indeed taxable. they also employ people with high salaries.

I mean, get serious. If Wells Fargo is sitting there with $300 billion in cash, you don't think NYC will get some of that?

Pheeeew!


PS: No one ever said that the $trillion that walked away was set to be ALL New York's. When they tell you how much
a business $grossed, does it tell you how much they $EARNED??? No! that is where y'all are getting confused.

Believe me, the article worded it correctly, it's y'all's inability to read it that way. Trust me on this, ATY 🙂

@wildgrass said
If I'm hoarding a stash of diamonds in Eugene Oregon, and then I move to Nashville, why would Eugene care? Did Eugene "lose" the diamonds? Why do you care?

You don't get it, man.

If Goldman Sachs has $300Billion in cash deposits, you don't think that NYC will get some of that?

If that cash grows for a year, NYC will get some of that growth in taxes. Also, look at all the people that are hired
with large salaries, creating more income tax. They also pay huge rent for a property that is taxed. Lots of ways to look at it.

Somehow you people thought that the whole $Trillion was slated for the coffers of NYC. Not so, and the author did not intend that.

-Removed-

go bleep yourself

-Removed-

go bleep yourself.


Who's a bigger liar in here, divegeester or suzianne?

Now that's a pair that beats a full house.

@earl-of-trumps said
You don't get it, man.

If Goldman Sachs has $300Billion in cash deposits, you don't think that NYC will get some of that?

If that cash grows for a year, NYC will get some of that growth in taxes. Also, look at all the people that are hired
with large salaries, creating more income tax. They also pay huge rent for a property that is taxed. Lots of ways to look ...[text shortened]... t the whole $Trillion was slated for the coffers of NYC. Not so, and the author did not intend that.

The title of the article is 100% false, as you just explained.

@earl-of-trumps said
Well, English is the language of the English doh! They get to call gasoline whatever they want.
Are you second guessing their pronouns, Suzianne?

The English are notoriously bad at English. But did you notice where I called that a "problem"? At least I can forgive them the occasional extraneous "u" -- I can still understand them, for the most part. Their English is still better than the ubiquitous typical American redneck Trump-voting Putin-loving moron.

@earl-of-trumps said
I'll tell ya, if NYC loses Wall Street, they might as well close the city down . Voting has consequences.
---------------------------------------------

Democrat-Run NYC Loses $1 Trillion as Wall Street Firms Flee
[i]The glorious demise of Democrat-run cities marches on with the news that nearly 160 Wall Street firms have fled Democrat-run New York City, t ...[text shortened]... ity does have its own income tax. That's to get those
rich bastids that just ran out of the city 🙂

Easy solution burn Wall Street and chuck the scumbag ceos in the pyre.

@wajoma said
They referenced a left whinger who called Breitbart 'far right wing'. A term so abused it's become meaningless, which to an extent, because it now means nothing, lets real 'far right wingers' off the hook.

To think I used to contribute to their shytty site

Example: The Wiki page for Joe Biggs neglects his purple heart, other awards and commendations, the left wing slant is stark and stank.

It’s not meaningless just because far right tosspots say it is. Why does the far left never bleat about being described as far left but the far right bleat like lambs caught in a cattle grid. Clearly they are ashamed of their political stance which implies there may be hope for them yet.

@kevcvs57 said
It’s not meaningless just because far right tosspots say it is. Why does the far left never bleat about being described as far left but the far right bleat like lambs caught in a cattle grid. Clearly they are ashamed of their political stance which implies there may be hope for them yet.

kev bamboozle said:

"Why does the far left never bleat about being described as far left"

That's because they are the 'far left', you said it yourself. The issue is people and organisations that aren't 'far right' by any measure are labelled 'far right' so often, that the term is so abused, it has lost it's meaning. How many times you called me far right but when challenged for a definition and an example in something I've posted that is 'far right' you scurried away, as you will do again, if that is too much of a challenge for you one can only wonder at the life of mediocrity you must have lived.

@wildgrass said
If I'm hoarding a stash of diamonds in Eugene Oregon, and then I move to Nashville, why would Eugene care? Did Eugene "lose" the diamonds? Why do you care?

What if you had a garage full of 1000 Maseratis? Neither is currency. You libs always seem to be reaching. You would do better to face a fact. I haven't bothered with this thread as it is senseless lib failure to grasp economics. You don't understand something,, so throw out silliness.
How bout you explain factoring finance to us? Geez.

@averagejoe1 said
What if you had a garage full of 1000 Maseratis? Neither is currency. You libs always seem to be reaching. You would do better to face a fact. I haven't bothered with this thread as it is senseless lib failure to grasp economics. You don't understand something,, so throw out silliness.
How bout you explain factoring finance to us? Geez.

If you had such a garage you would have an extraordinarily difficult time moving the garage and the 1000 cars out of state. If you did, the garage at least would become less valuable and you would lose money that way.

@earl-of-trumps said
You don't get it, man.

If Goldman Sachs has $300Billion in cash deposits, you don't think that NYC will get some of that?

If that cash grows for a year, NYC will get some of that growth in taxes. Also, look at all the people that are hired
with large salaries, creating more income tax. They also pay huge rent for a property that is taxed. Lots of ways to look ...[text shortened]... t the whole $Trillion was slated for the coffers of NYC. Not so, and the author did not intend that.

There's no wealth tax, EoT. NYC would not get some of that.

@averagejoe1 said
How bout you explain factoring finance to us? Geez.

Sure, no problem. A finance factor is a person or company that buys customers' debts for less than the debt is worth. This way the company that did business with the customer gets paid immediately (though not full value) and the factor company gets to collect more from the customer than the company paid.

https://www.investopedia.com/terms/f/factor.asp